FxSaint
Long

AudCad - Bounce Trade

FX:AUDCAD   Australian Dollar/Canadian Dollar
General mid-to-long term bias is to the downside, but at this level its worth to play a bounce trade, particularly if there is some consolidation takes place. I m suspecting that the price will make push to 1.0130-50 handle or close to it before failing at that level. There is small demand zone & AB = CD pattern & channel low at current level, which I suppose good enough reason to believe the price will bounce.
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